Vanguard Personalized Indexing Management LLC Raises Position in Coterra Energy Inc. (NYSE:CTRA)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 27.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,269 shares of the company’s stock after purchasing an additional 17,782 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Coterra Energy were worth $2,091,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Gladstone Institutional Advisory LLC increased its holdings in shares of Coterra Energy by 7.8% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 8,509 shares of the company’s stock worth $217,000 after buying an additional 615 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Coterra Energy by 3.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 151,805 shares of the company’s stock worth $3,874,000 after buying an additional 5,702 shares during the last quarter. TCW Group Inc. acquired a new stake in shares of Coterra Energy during the 4th quarter worth $302,000. Cypress Asset Management Inc. TX acquired a new stake in shares of Coterra Energy during the 4th quarter worth $321,000. Finally, Hilltop Holdings Inc. increased its holdings in shares of Coterra Energy by 2.3% during the 4th quarter. Hilltop Holdings Inc. now owns 101,321 shares of the company’s stock worth $2,586,000 after buying an additional 2,281 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

NYSE CTRA opened at $23.66 on Friday. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 1.38. The firm has a market capitalization of $17.61 billion, a PE ratio of 13.68, a P/E/G ratio of 1.16 and a beta of 0.22. The company’s 50 day simple moving average is $24.42 and its 200 day simple moving average is $26.40.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Coterra Energy had a net margin of 23.18% and a return on equity of 10.48%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.38 EPS. Coterra Energy’s revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that Coterra Energy Inc. will post 1.95 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.84 annualized dividend and a yield of 3.55%. Coterra Energy’s dividend payout ratio (DPR) is 48.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CTRA. Wolfe Research began coverage on Coterra Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $35.00 price objective for the company. Truist Financial dropped their price objective on Coterra Energy from $35.00 to $34.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Morgan Stanley lowered their price target on Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Piper Sandler lowered their price target on Coterra Energy from $39.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Finally, Citigroup increased their price target on Coterra Energy from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, May 24th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $32.59.

Coterra Energy Company Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.